CAPITAL MARKETS

Gold spruikers confident of support for US$200 million campaign

ORGANISERS of the Gold Marketing Initiative, a bold plan to spend US$200 million a year on increasing consumer demand for gold jewellery, remain confident they will launch the program next year despite slower than expected expressions of support from goldmining companies.

Tim Treadgold

Companies representing 63% of world gold production have said they will support the campaign, to be funded by a levy of up to US$4 on every ounce of gold mined. In Australia, the support level is just...

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